Stocks 14th Jul '20 P/E and Inflation Useful long-term chart plotting stock P/E ratios against inflation rates. Despite doing well as an asset class during inflation, stocks actually command the highest rating (18-21x P/E) when inflation is 0-3%. Click to share on Twitter (Opens in new window)Click to email a link to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)